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Global Industrial Refrigeration Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

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  • 188 Pages
  • February 2024
  • Infogence Global Research
  • ID: 5635692

M&M Carnot Refrigeration offers new ammonia chillers for industrial refrigeration applications

The Global Industrial Refrigeration Market is estimated to be USD 23.16 Bn in 2023 and is expected to reach USD 29.65 Bn by 2028 growing at a CAGR of 5.06%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the Global Industrial Refrigeration Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

  • The Global Industrial Refrigeration Market is segmented based on Component, Refrigerant, Application, Type, Capacity, and Geography.
  • By Component, the market is classified into Compressors, Condensers, Evaporators, and Controls.
  • By Refrigerant, the market is classified into Ammonia, Carbon dioxide, and HFCs.
  • By Type, the market is classified into Stationery and Transport.
  • By Capacity, the market is classified into Less than 100 kW, 100-500 kW, 500kW-1,000kW, 1,000kW-5,000kW, and More than 5,000 kW.
  • By Application, the market is classified into Fresh Fruits and Vegetable, Meat, Poultry and Fish, Dairy and Ice cream, Beverages, Chemicals, and Pharmaceuticals.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Bitzer, Carrier Global, Clauger, Daikin Industries, Daikin Industries, Danfoss, Emerson Electric, EVAPCO, Frascold, GEA Farm Technologies, Güntner, Hitema International, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

  • The report presents a detailed Ansoff matrix analysis for the Global Industrial Refrigeration Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
  • The publisher analyses the using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
  • Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Industrial Refrigeration Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Increase in Consumption of FMCG Products
4.1.2 Upgrading Cold Storage Infrastructure Across Emerging Economies
4.2 Restraints
4.2.1 High Energy Costs for Operation and Maintenance
4.2.2 Stringent Regulations Related to Usage of Refrigerants
4.3 Opportunities
4.3.1 Use of Iot-enabled Refrigeration Solutions for Equipment Monitoring
4.3.2 Rise in Adoption of Energy-efficient & Eco-friendly Refrigerants
4.4 Challenges
4.4.1 Huge Investment Involved
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Industrial Refrigeration Market, By Component
6.1 Introduction
6.2 Compressors
6.3 Condensers
6.4 Evaporators
6.5 Controls
7 Global Industrial Refrigeration Market, By Refrigerant
7.1 Introduction
7.2 Ammonia
7.3 Carbon dioxide
7.4 HFCs
8 Global Industrial Refrigeration Market, By Type
8.1 Introduction
8.2 Stationary
8.3 Transport
9 Global Industrial Refrigeration Market, By Capacity
9.1 Introduction
9.2 Less than 100 kW
9.3 100-500 kW
9.4 500kW-1,000kW
9.5 1,000kW-5,000kW
9.6 More than 5,000 kW
10 Global Industrial Refrigeration Market, By Application
10.1 Introduction
10.2 Fresh Fruits and Vegetables
10.3 Meat, Poultry and Fish
10.4 Dairy and Ice cream
10.5 Beverages
10.6 Chemicals
10.7 Pharmaceuticals
11 Americas’ Industrial Refrigeration Market
11.1 Introduction
11.2 Argentina
11.3 Brazil
11.4 Canada
11.5 Chile
11.6 Colombia
11.7 Mexico
11.8 Peru
11.9 United States
11.10 Rest of Americas
12 Europe’s Industrial Refrigeration Market
12.1 Introduction
12.2 Austria
12.3 Belgium
12.4 Denmark
12.5 Finland
12.6 France
12.7 Germany
12.8 Italy
12.9 Netherlands
12.10 Norway
12.11 Poland
12.12 Russia
12.13 Spain
12.14 Sweden
12.15 Switzerland
12.16 United Kingdom
12.17 Rest of Europe
13 Middle East and Africa’s Industrial Refrigeration Market
13.1 Introduction
13.2 Egypt
13.3 Israel
13.4 Qatar
13.5 Saudi Arabia
13.6 South Africa
13.7 United Arab Emirates
13.8 Rest of MEA
14 APAC’s Industrial Refrigeration Market
14.1 Introduction
14.2 Australia
14.3 Bangladesh
14.4 China
14.5 India
14.6 Indonesia
14.7 Japan
14.8 Malaysia
14.9 Philippines
14.10 Singapore
14.11 South Korea
14.12 Sri Lanka
14.13 Thailand
14.14 Taiwan
14.15 Rest of Asia-Pacific
15 Competitive Landscape
15.1 Competitive Quadrant
15.2 Market Share Analysis
15.3 Strategic Initiatives
15.3.1 M&A and Investments
15.3.2 Partnerships and Collaborations
15.3.3 Product Developments and Improvements
16 Company Profiles
16.1 Bitzer
16.2 Carrier Global
16.3 Clauger
16.4 Daikin Industries
16.5 Daikin Industries
16.6 Danfoss
16.7 Emerson Electric
16.9 Frascold
16.10 GEA Farm Technologies
16.11 Güntner
16.12 Hitema International
16.14 Innovative Refrigeration Systems
16.15 Johnson Controls International
16.16 Lennox International
16.17 Lu-Ve Spa
16.18 Mayekawa
16.19 MTA
16.20 Parker Hannifin
16.21 Rivacold
16.22 SRM Tec
17 Appendix
17.1 Questionnaire

Companies Mentioned

  • Bitzer
  • Carrier Global
  • Clauger
  • Daikin Industries
  • Daikin Industries
  • Danfoss
  • Emerson Electric
  • Frascold
  • GEA Farm Technologies
  • Güntner
  • Hitema International
  • Innovative Refrigeration Systems
  • Johnson Controls International
  • Lennox International
  • Lu-Ve Spa
  • Mayekawa
  • MTA
  • Parker Hannifin
  • Rivacold
  • SRM Tec